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BusinessToday.In
New Delhi, September 20, 2018
Rana Kapoor to retire as Yes Bank MD and CEO by January 2019; Samara-Amazon bags Aditya Birla Group's retail chain; Gujarat Assembly increases MLAs' salary by at least Rs 45,000; and Alibaba's Jack Ma warns US-China trade war could drag for 20 years. Watch more in this episode of Business Wrap.


BusinessToday.In
New Delhi, September 20, 2018
Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...


Reuters
New Delhi, September 20, 2018
The Danish bank detailed compliance and control failings amid growing calls for a European Union crackdown on financial crime after a series of money laundering scandals which have attracted the attention of USauthorities.


Anand Adhikari
September 18, 2018
The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.


PTI
September 18, 2018
The Enforcement Directorate (ED) has zeroed in on foreign assets worth about Rs 4,000 crore of absconding diamond jeweller Nirav Modi for quick attachment under Prevention of Money Laundering Act (PMLA).


Karan Dhar
September 17, 2018
PM Modi's cash-in-hand dropped by a whopping 67 per cent to Rs 48,944 as of March 31 this year from around Rs 1,50,000 in the previous year.


Nevin John
New Delhi, September 17, 2018
Lessons from the failure of some of India's biggest business names.


Mail Today Bureau
New Delhi, September 14, 2018
The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.


BusinessToday.In
New Delhi, September 11, 2018
The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.


Mail Today Bureau
New Delhi, September 11, 2018
Japan moved to the third spot, with a 10.2 per cent share in 2017, down from 23.1 per cent in 2000. PPP compares how many goods and services an exchange-rate-adjusted unit of money can purchase in different countries.


BusinessToday.In
September 10, 2018
When asked if he is still interested in settling his dues with PNB, Choksi said, \"My brand value has come to zero. Everything I have has been seized. They can sell off my assets and pay whoever has to be paid.\"


BusinessToday.In
New Delhi, September 7, 2018
As many as 23 banks, public and private alike, may face penalties with retrospective effect if they are unable to ensure eight Aadhaar enrolments or updations per branch per day from November


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...


PTI
September 6, 2018
Failing to find resolutions for stressed power sector companies, lenders have decided to refer 11 companies, including Prayagraj Power Generation, GMR Chhattisgarh Energy and Jaiprakash Power Venture, to the National Company Law Tribunal.


Joe C Mathew
New Delhi, September 6, 2018
During his Independence Day speech on 15th August 2014, Prime Minister Modi announced the establishment of PMJDY as a scheme meant to increase banking penetration, promote financial inclusion and provide at least one bank account per household across the country in four years.


BusinessToday.In
New Delhi, September 6, 2018
\"Withholding salaries, that too without prior notice, is a serious matter and the management will bear sole responsibility for any repercussions. Not paying the salaries on time would lead to non-cooperation by pilots,\" say Jat Airways pilots.


BusinessToday.In
New Delhi, September 6, 2018
Global factors behind rupee fall, no need for knee-jerk reaction: JaitleyFinance Minister Arun Jaitley yesterday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He said the Reserve Bank is doing whatever is necessary to deal with the situation.The battered rupee has lost 165 paise in the last six trading sessions. Jaitley further said the dollar has strengthened against almost every other currency and added that the rupee...


PTI
September 6, 2018
In a petition filed before the New Delhi-bench of the National Company Law Tribunal, the younger of the Singh siblings, who were synonymous with each other for decades, sued Malvinder for \"oppression and mismanagement\" of their companies.


PTI
New Delhi, September 5, 2018
Finance Minister Arun Jaitley says as the scheme has been a \"runway success\", the government has decided to make it an open-ended scheme, meaning that it will continue indefinitely


BusinessToday.In
September 5, 2018
Banks are yet to pay heed, and hence the regulator has reportedly issued show-cause letters to several banks.


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